Look into a personal loan that comes with competitive fixed rates to meet your financial goals.
First, am I eligible?
To qualify for the best rates for a U.S. Bank Premier Loan, you must:
- Have a credit score of 760 or higher.
- Have a U.S. Bank Consumer Silver, Gold or Platinum Checking Package account.
- Have verifiable income.
Applicants with lower credit scores may qualify, but expect a higher interest rate.
What is a U.S. Bank Premier Loan?
This personal loan from U.S. Bank offers funding from $3,000 to $25,000. Pay competitive fixed rates and no annual fees to fund big events and purchases or consolidate what you currently owe.
- Consolidate debt. Save money by gathering multiple debts into one lower monthly payment at rates as low as 6.99% APR.
- Improve your home. With a personal loan, you can fix that leaky roof, add on a new patio or upgrade your home’s heating system. You may even qualify for U.S. Bank’s 1% green home improvement discount.
- Make major purchases. Use this loan to pay for a car, vacation or a wedding and ease your financial burden.
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What are the benefits of a U.S. Bank Premier Loan?
- Fixed rates. Monthly payments won’t fluctuate to help you budget for repayment.
- No home inspections or appraisals. If you’re looking to fund a home improvement, skip the requirements that come with a home loan.
- Quick process. Apply online, over the phone or at your local U.S. Bank branch through a process designed to get you the funds you need quickly.
What to watch out for
U.S. Bank offers convenience and speed to get you the funds you need. But consider a few factors before applying.
- Rates vary by credit. To determine your loan amount and rates, U.S. Bank will check your credit report and verify your employment.
- Potentially high rates and payments. Banks consider unsecured loans a riskier financial product than those secured by property, which could mean higher rates and payments.
Am I eligible for a U.S. Bank Premier Loan?
To be eligible for a loan with U.S. Bank, you need to:
- Be a current U.S. Bank member. U.S. bank requires borrowers to set up autopay from a Silver Gold or Platinum checking account.
- Have excellent credit. Borrowers with a credit score of 760 or higher qualify for the lowest rates.
- Have verifiable income. You must be able to provide proof of employment and other forms of personal income.
What information do I need to apply?
Apply for a personal loan online, over the phone or at your local U.S. Bank branch by providing personal and financial details that include:
- Your full name and contact information
- Your Social Security number and date of birth
- Proof of employment, such as W-2s and pay stubs
- Your monthly income and debt payments
- The total amount of your assets
I got the U.S. Bank Premier Loan. Now what?
- Making your payments. Repay your loan online, at a branch, by phone or through U.S. Bank’s mobile app. You can even set up autopay for deductions that work around your pay dates.
- Avoid late fees and other penalties. Set up autopay for deductions that work around your pay dates.
A personal loan with this highly rated bank can be an ideal way to pay for a big purchase or consolidate debt. But these loans may come with higher rates and payments than a loan that’s secured by property.
Before you decide on a personal loan, compare the personal loan options available for your needs.
Frequently asked questions about U.S. Bank Premier Loans
Why would I use a U.S. Bank personal loan over a credit card?
Larger purchases typically require more time to pay off, and a personal loan typically comes with interest rates that are lower than your typical credit card.
Can I use a U.S. Bank Premier Loan to buy a car?
If the car you’re interested in costs less than $25,000, it may work for your needs. But you may want to consider an auto loan designed specifically for this type of purchase.
What is a secured loan?
A secured loan is a loan that protects the lender from default through collateral, such as the borrower’s home or car. If the borrower defaults, the lender can take possession of the collateral to recover the loan amount.